About
Apex Frozen Foods Limited engages in the farming, processing, production, and sale of shrimps in India. It provides ready-to-cook whiteleg and black tiger shrimps, which include head on and whole, headless and shell-on, easy peel, peeled, and cooked peeled & deveined-tail-on, cooked in shell, dusted and breaded, par-fried, butterfly, skewered, seasoned, peeled and deveined-tail-on, peeled and un-deveined-tail-on, peeled and deveined-tail-off, peeled and un-deveined, and peeled and deveined shrimps, as well as shrimp rings. The company offers ready-to-cook products under Bay Fresh, Bay Harvest, and Bay Premium brand names to food companies, retail chains, restaurants, club stores, and distributors. It exports its products to the United States, the European Union, and China. Apex Frozen Foods Limited was founded in 1995 and is based in Kakinada, India.
Key Metrics
as of Sep 2026Market Cap1,172 Cr
P/E23.70
Div Yield0.67 %
Book Value₹169.00
52w High₹514.00
52w Low₹218.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 257.00 | 168.00 | 264.00 | 238.00 | 258.00 | 197.00 | 231.00 | 200.00 | 186.00 | 162.00 | 148.00 | 241.00 | 254.00 |
| Expenses | 226.00 | 155.00 | 251.00 | 227.00 | 243.00 | 191.00 | 227.00 | 196.00 | 175.00 | 160.00 | 140.00 | 222.00 | 241.00 |
| Operating Profit | 30.00 | 13.00 | 13.00 | 11.00 | 15.00 | 7.00 | 4.00 | 4.00 | 11.00 | 1.00 | 8.00 | 19.00 | 13.00 |
| OPM % | 12.00 | 8.00 | 5.00 | 4.80 | 6.00 | 3.30 | 1.70 | 2.00 | 6.00 | 0.80 | 6.00 | 8.00 | 5.00 |
| Other Income | 3.00 | 4.00 | 4.00 | 9.00 | 3.00 | 1.00 | 2.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Depreciation | 4.00 | 5.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 1.00 | 3.00 | 5.00 | 5.00 |
| Interest | 0.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 |
| Profit before tax | 29.00 | 11.00 | 13.00 | 16.00 | 13.00 | 3.00 | 0.00 | -2.00 | 5.00 | 0.00 | 4.00 | 11.00 | 5.00 |
| Tax % | 24.00 | 30.00 | 24.00 | 24.00 | 30.00 | 30.00 | 5.00 | -19.00 | 25.00 | -27.00 | 17.00 | 27.00 | 28.00 |
| Net Profit | 22.00 | 8.00 | 10.00 | 12.00 | 9.00 | 2.00 | 0.00 | -2.00 | 4.00 | 0.00 | 3.00 | 8.00 | 4.00 |
| EPS in Rs | 6.93 | 2.49 | 3.23 | 3.80 | 2.91 | 0.63 | -0.07 | -0.53 | 1.22 | -0.12 | 0.95 | 2.67 | 1.17 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 931.00 | 814.00 | 804.00 | 1,070.00 | 926.00 | 818.00 | 827.00 | 875.00 | 999.00 | 699.00 | 604.00 | 599.00 |
| Expenses | 876.00 | 788.00 | 764.00 | 987.00 | 840.00 | 728.00 | 740.00 | 785.00 | 889.00 | 654.00 | 563.00 | 566.00 |
| Operating Profit | 56.00 | 25.00 | 40.00 | 83.00 | 86.00 | 91.00 | 87.00 | 90.00 | 110.00 | 44.00 | 40.00 | 33.00 |
| OPM % | 6.00 | 3.10 | 5.00 | 8.00 | 9.00 | 11.00 | 11.00 | 10.00 | 11.00 | 6.00 | 7.00 | 5.00 |
| Other Income | 17.00 | 5.00 | 3.00 | 2.00 | 6.00 | 8.00 | 19.00 | 21.00 | 20.00 | 11.00 | 5.00 | 5.00 |
| Interest | 4.00 | 9.00 | 9.00 | 15.00 | 17.00 | 16.00 | 11.00 | 7.00 | 9.00 | 11.00 | 10.00 | 10.00 |
| Depreciation | 15.00 | 15.00 | 15.00 | 19.00 | 19.00 | 22.00 | 15.00 | 11.00 | 9.00 | 6.00 | 5.00 | 0.00 |
| Profit before tax | 53.00 | 6.00 | 20.00 | 51.00 | 56.00 | 61.00 | 81.00 | 94.00 | 113.00 | 37.00 | 30.00 | 28.00 |
| Tax % | 27.00 | 31.00 | 25.00 | 29.00 | 27.00 | 27.00 | 25.00 | 35.00 | 30.00 | 33.00 | 35.00 | 34.00 |
| Net Profit | 39.00 | 4.00 | 15.00 | 36.00 | 41.00 | 44.00 | 61.00 | 61.00 | 79.00 | 25.00 | 19.00 | 18.00 |
| EPS in Rs | 12.43 | 1.24 | 4.67 | 11.48 | 13.14 | 14.17 | 19.40 | 19.46 | 25.31 | 10.47 | 8.03 | 7.65 |
| Dividend Payout % | 20.00 | 161.00 | 43.00 | 22.00 | 19.00 | 14.00 | 0.00 | 10.00 | 8.00 | 10.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 24.00 | 24.00 | 24.00 |
| Reserves | 497.00 | 463.00 | 466.00 | 459.00 | 437.00 | 409.00 | 365.00 | 324.00 | 271.00 | 85.00 | 51.00 | 32.00 |
| Borrowings | 6.00 | 73.00 | 107.00 | 91.00 | 167.00 | 168.00 | 163.00 | 108.00 | 85.00 | 110.00 | 79.00 | 90.00 |
| Other Liabilities | 59.00 | 46.00 | 29.00 | 33.00 | 42.00 | 49.00 | 68.00 | 47.00 | 43.00 | 57.00 | 24.00 | 19.00 |
| Total Liabilities | 593.00 | 613.00 | 633.00 | 614.00 | 678.00 | 657.00 | 627.00 | 510.00 | 431.00 | 277.00 | 179.00 | 165.00 |
| Fixed Assets | 239.00 | 243.00 | 254.00 | 242.00 | 236.00 | 250.00 | 280.00 | 115.00 | 111.00 | 83.00 | 55.00 | 52.00 |
| CWIP | 2.00 | 4.00 | 4.00 | 18.00 | 22.00 | 15.00 | 3.00 | 116.00 | 21.00 | 1.00 | 8.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 352.00 | 367.00 | 376.00 | 354.00 | 420.00 | 391.00 | 344.00 | 279.00 | 299.00 | 193.00 | 116.00 | 113.00 |
| Total Assets | 593.00 | 613.00 | 633.00 | 614.00 | 678.00 | 657.00 | 627.00 | 510.00 | 431.00 | 277.00 | 179.00 | 165.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 96.00 | 54.00 | 11.00 | 121.00 | 36.00 | 13.00 | 58.00 | 49.00 | 33.00 | 14.00 | 37.00 | 12.00 |
| Cash from Investing Activity | -2.00 | -6.00 | -8.00 | -22.00 | -10.00 | -14.00 | -44.00 | -114.00 | -58.00 | -29.00 | -16.00 | -12.00 |
| Cash from Financing Activity | -78.00 | -49.00 | -2.00 | -99.00 | -27.00 | 4.00 | -14.00 | 7.00 | 85.00 | 17.00 | -21.00 | 0.00 |
| Net Cash Flow | 16.00 | -1.00 | 1.00 | 1.00 | -2.00 | 3.00 | 1.00 | -58.00 | 60.00 | 3.00 | 0.00 | 0.00 |
| Free Cash Flow | 90.00 | 46.00 | -1.00 | 100.00 | 25.00 | 0.00 | 20.00 | -60.00 | -24.00 | -12.00 | 21.00 | 0.00 |
| CFO/OP % | 192.00 | 194.00 | 43.00 | 171.00 | 55.00 | 23.00 | 86.00 | 91.00 | 69.00 | 62.00 | 118.00 | 63.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43.00 | 57.00 | 49.00 | 38.00 | 52.00 | 67.00 | 35.00 | 39.00 | 25.00 | 43.00 | 25.00 | 31.00 |
| Inventory Days | 105.00 | 119.00 | 129.00 | 88.00 | 120.00 | 106.00 | 117.00 | 67.00 | 53.00 | 44.00 | 48.00 | 39.00 |
| Days Payable | 18.00 | 17.00 | 10.00 | 8.00 | 12.00 | 20.00 | 29.00 | 20.00 | 14.00 | 21.00 | 13.00 | 9.00 |
| Cash Conversion Cycle | 129.00 | 159.00 | 167.00 | 118.00 | 160.00 | 154.00 | 123.00 | 86.00 | 64.00 | 66.00 | 60.00 | 60.00 |
| Working Capital Days | 96.00 | 110.00 | 107.00 | 71.00 | 90.00 | 83.00 | 54.00 | 47.00 | 39.00 | 24.00 | 13.00 | 8.00 |
| ROCE % | 10.00 | 2.00 | 5.00 | 11.00 | 12.00 | 13.00 | 18.00 | 24.00 | 40.00 | 26.00 | 27.00 | 29.00 |
Corporate Actions
9 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Sep 2025 | 19 Sep 2025 | — | 2.00 | |
| Dividend | 20 Sep 2024 | — | — | 2.00 | |
| Dividend | 22 Sep 2023 | — | — | 2.50 | |
| Dividend | 14 Jul 2022 | — | — | 2.50 | |
| Dividend | 14 Sep 2021 | — | — | 2.00 | |
| Other | 22 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Mar 2020 | 21 Mar 2020 | — | 2.00 | |
| Dividend | 11 Sep 2019 | — | — | 2.00 | |
| Dividend | 12 Sep 2018 | — | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update1 Aug 2025 from crisil
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Rating update28 Mar 2025 from crisil
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Rating update29 Jun 2024 from crisil
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Rating update4 Apr 2023 from crisil
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Rating update22 Mar 2023 from crisil
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Rating update29 Mar 2022 from icra
Conference Calls
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